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How to Think Like a Tax Lawyer: Be Aware of Costly Tax Evasion Schemes To Avoid IRS Tax Problems


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How to Think Like a Tax Lawyer: Be Aware of Costly Tax Evasion Schemes To Avoid IRS Tax Problems

How to Think Like a Tax Lawyer: Be Aware of Costly Tax Evasion Schemes To Avoid IRS Tax Problems


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Home Page > Finance > Taxes > How to Think Like a Tax Lawyer: Be Aware of Costly Tax Evasion Schemes To Avoid IRS Tax Problems

How to Think Like a Tax Lawyer: Be Aware of Costly Tax Evasion Schemes To Avoid IRS Tax Problems

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Posted: Jul 31, 2009 |Comments: 0
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FACT: The IRS reports that tax evasion is a widespread problem that grows each year costing the government an estimated 0 billion in unpaid taxes and creating a tax gap that grows by 10% each year.

FACT: The additional tax burden falls on shoulders of honest Americans.

FACT: Public services that are supported by tax dollars are affected as well.

FACT: Buying into tax evasion schemes can and will be costly, either in civil or criminal penalties or both, even imprisonment.

The Internal Revenue Service has identified small business and sole proprietorship owners as the largest contributors to the tax gap. Without significant investigations, there is no way for the government to control skimming or non-reported income by individuals who are self-employed or run small businesses.

While there are huge tax evasion activities happening all over the world, it has been estimated that the United States Government has collected roughly 0 billion less than it is owed by American taxpayers. We’re already seeing the IRS cracking down on both small businesses and individuals who evade their taxes with an increase in  tax audits and aggressive collection tactics, including bank levies.

Tax evasion is not to be confused with tax avoidance. The biggest difference? One is legal, the other is a crime. Tax avoidance is when someone works within existing laws to pay the least amount of taxes that the IRS says are due. Tax evasion, on the other hand, is when someone intentionally works outside of existing laws by not paying the taxes that are owed to the IRS.

And you don’t have to be a tax lawyer to know the red flags that cause the IRS to suspect tax evasion. If you intentionally fail to report your business cash receipts, including checks that are cashed at the maker’s bank, the IRS has specific audit programs that will investigate this activity. Also, if the amount of income reported on your tax return far exceeds the previous year’s – you will be flagged as suspect! Additionally, if you are one of those “do-gooders”  that helps others to file fraudulent tax returns and accept payment for this… that could be a problem.

Tax evasion encompasses any cheating of the government in taxes. Tax evasion is a felony and can carry up to a 5-year prison sentence and/or IRS penalties up to 0,000. Even in the current enforcement climate, taxpayers can learn how to save money by taking advantage of legal tax deductions to reduce their IRS bill. Additionally, anyone who owes  back taxes or is being audited by the IRS will need to know that there are options for negotiating a tax resolution. Working with a tax resolution specialist or  tax lawyer can greatly increase your chances of successfully resolving your IRS tax problems. However, it’s important to be informed in the first place so you can avoid becoming a target of aggressive IRS collection efforts that can financially cripple you for life.

For more information on achieving a tax resolution for your IRS problems or back taxes, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.

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Michael Rozbruch
About the Author:

Michael Rozbruch is one of the nation’s leading tax experts. A Certified Tax Resolution Specialist (CTRS), licensed CPA and the founder of Tax Resolution Services. He helps individuals and small businesses solve their IRS problems and is dedicated to educating the public on tax planning and other strategies for managing their personal and business finances.

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I am a tax consultant, i would like to know how do i have to carryout my tax investigation to be able to detect tax avoidance and evasion?
What are the penalties for tax evasion ?
After my divorce was final, I filed my individual tax return. The IRS took my entire refund to pay back taxes from my marriage, that I knew nothing about. Is this legal? Can I get my money back?

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Article Tags:
tax lawyer, tax attorney, tax audits, irs audit, tax evasion, tax resolution, back taxes, tax resolution specialist, offer in compromise

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Michael Rozbruch is one of the nation’s leading tax experts. A Certified Tax Resolution Specialist (CTRS), licensed CPA and the founder of Tax Resolution Services. He helps individuals and small businesses solve their IRS problems and is dedicated to educating the public on tax planning and other strategies for managing their personal and business finances.

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Tax lawyer Rob Wood discusses 2010 estate tax with Scott Drake. Learn more at blog.legalbroadcastnetwork.com

Be the first to comment - What do you think?  Posted by - January 24, 2011 at 4:14 am

Categories: Tax Lawyer   Tags: , , , , , , , ,

Pyramid schemes – What is the difference between legal and illegal ?

Question by ironwood9: Pyramid schemes – What is the difference between legal and illegal ?
I had a friend try to recruit me to sell Prepaid Legal Services, and they said it was a “Legal” pyramid. I’ve often heard the term “multilevel marketing,” as a better sounding term.

What is the difference ?

I went to one of these meetings, and it seems like these people eat/sleep/drink prepaid legal – it would just totally consume their life. I read here on Y/A someone had the service, and still had to pay a lawyer $ 2,000

Best answer:

Answer by worker4IAM <'><
Pyramid schemes are Illegal in many states.
If you send me a dollar today I will tell you why !
Pass it On ! HA !

Edit: A legal way around this is paying a structured payment or settlement to it’s members who are documented.
A service also has to be performed there by establishing a form of compensation for the flow of received payments to the Group or organization.

Add your own answer in the comments!

1 comment - What do you think?  Posted by - October 17, 2010 at 8:01 pm

Categories: Prepaid Legal Services   Tags: , , , , ,

Nation?s Leading Tax Relief Firm Advises Against Costly Tax Evasion Schemes





Tax Attorney and Tax Resolution Services


Encino, CA (Vocus) June 9, 2010

Every day, in cities across the country, people are being prosecuted or convicted of tax crimes. According to tax expert Michael Rozbruch, if you’re struggling during these tough economic times and need IRS tax relief, there are many options to consider for resolving your back taxes or other IRS woes.

Tax evasion is not just a problem for the wealthy. The IRS reports that tax evasion is a widespread problem costing the government an estimated 0 billion in unpaid taxes and creating a tax gap that grows by 10% each year. However, with federal initiatives aimed at narrowing the tax gap, the IRS is cracking down on tax evaders both big and small.

“There is a big difference between tax evasion and tax avoidance,” said Rozbruch, founder and CEO of Tax Resolution Services, Co., a company that provides affordable solutions to people seeking IRS tax relief. “While it is perfectly legal to work within existing laws to avoid paying more than what is required by the IRS, cheating the government on taxes by evading tax laws is criminal and can carry up to a 5-year prison sentence and/or IRS penalties up to 0,000.”

And you don’t have to be a tax attorney to know the red flags that will cause the IRS to be suspicious of tax evasion, Robzruch adds. Even in the current enforcement climate, taxpayers can learn how to avoid IRS tax audits and save money by taking advantage of legal tax deductions and avoiding costly IRS penalties and interest.

“It’s important for taxpayers to avoid becoming targets of aggressive IRS collection efforts like debilitating bank levies that can financially cripple them for life,” Rozbruch said. “Additionally, anyone who owes back taxes or is being audited by the IRS will need to know that working with a Certified Tax Resolution Specialist or tax lawyer can greatly increase their chances of successfully resolving their IRS tax problems and negotiating a settlement for the lowest amount allowed by law.”

Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Their expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% – second to none in the industry – and an Offer in Compromise Settlement Rate of .11 on the dollar. For more information or to receive a FREE tax relief consultation, visit TaxResolution.com or call 866-IRS-PROBLEMS.

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